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Oakland U. Pays Bonus Its Ex-President Didn't Earn

Oakland U. Pays Bonus Its Ex-President Didn't Earn
August 13, 2013

The board of Oakland University, in Michigan, has authorized a $230,000 deferred compensation bonus to Gary Russi even though the former president didn't meet the specific criteria established for the payment, The Detroit Free Press reported. The funds were only to be paid if Russi served through June 30, 2014. He quit unexpectedly this year when the university fired his wife, the basketball coach at Oakland. The board chair said that the payment was appropriate, given Russi's contributions to the university. But the chair also said he didn't know about the provision requiring that Russi work until next year to qualify for the deferred compensation.

 

 

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